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Economics Review Jeopardy

Economics Review Jeopardy. Business Organizations/Competition. Money, Banking, and the Fed. Marketing/ Distribution. Credit and Debt. 2nd Half. Q $100. Q $100. Q $100. Q $100. Q $100. Q $200. Q $200. Q $200. Q $200. Q $200. Q $300. Q $300. Q $300. Q $300. Q $300. Q $400.

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Economics Review Jeopardy

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  1. Economics Review Jeopardy Business Organizations/Competition Money, Banking, and the Fed Marketing/ Distribution Credit and Debt 2nd Half Q $100 Q $100 Q $100 Q $100 Q $100 Q $200 Q $200 Q $200 Q $200 Q $200 Q $300 Q $300 Q $300 Q $300 Q $300 Q $400 Q $400 Q $400 Q $400 Q $400 Q $500 Q $500 Q $500 Q $500 Q $500 Final Jeopardy

  2. $100 Question from Marketing/Distribution What is the purpose of marketing?

  3. $100 Answer from Marketing/Distribution Convince consumers that a product will add to their utility.

  4. $200 Question from Marketing/Distribution What is the usefulness of a product or service?

  5. $200 Answer from Marketing/Distribution Utility

  6. $300 Question from Marketing/Distribution What is the series of stages that a product goes through?

  7. $300 Answer from Marketing/Distribution Product Life Cycle

  8. $400 Question from Marketing/Distribution What are the four types of utility?

  9. $400 Answer from Marketing/Distribution Form Time Place Ownership

  10. $500 Question from Marketing/Distribution What are the four P’s of marketing?

  11. $500 Answer from Marketing/Distribution Product, Place, Price, and Promotion

  12. $100 Question from Business Organizations/Competition What is a temporary partnership set up for a specific purpose for a short period of time?

  13. $100 Answer from Business Organizations/Competition Joint Venture

  14. $200 Question from Business Organizations/Competition What is the term for a person that starts a business?

  15. $200 Answer from Business Organizations/Competition Entrepreneur

  16. $300 Question from Business Organizations/Competition What type of market only contains a few companies in competition with one another?

  17. $300 Answer from Business Organizations/Competition Oligopoly

  18. $400 Question from Business Organizations/Competition What type of business organization are most businesses in America?

  19. $400 Answer from Business Organizations/Competition Sole Proprietorships

  20. $500 Question from Business Organizations/Competition What is the term for a business having complete legal responsibility for all debts and damages?

  21. $500 Answer from Business Organizations/Competition Unlimited Liability

  22. $100 Question from Money, Banking, and the Fed What is the name of the American government’s bank?

  23. $100 Answer from Money, Banking, and the Fed The Federal Reserve

  24. $200 Question from Money, Banking, and the Fed What was the FDIC created to do?

  25. $200 Answer from Money, Banking, and the Fed To increase confidence in banks by insuring deposits

  26. $300 Question from Money, Banking, and the Fed What are the three functions of money?

  27. $300 Answer from Money, Banking, and the Fed Store of value, Medium of exchange, Unit of accounting

  28. $400 Question from Money, Banking, and the Fed Most of the currency in the United States is in the form of?

  29. $400 Answer from Money, Banking, and the Fed Federal Reserve Notes

  30. $500 Question from Money, Banking, and the Fed Diamonds could not be used as money because they are not ______________.

  31. $500 Answer from Money, Banking, and the Fed Easily Divisible

  32. $100 Question from Credit and Debt What is the term for the original amount of money borrowed?

  33. $100 Answer from Credit and Debt Principle

  34. $200 Question from Credit and Debt What is the cost of borrowing money?

  35. $200 Answer from Credit and Debt Interest

  36. $300 Question from Credit and Debt What is the term for debts paid back in equal payments over a period of time?

  37. $300 Answer from Credit and Debt Installment Debt

  38. $400 Question from Credit and Debt What is the term for installment debts on land, businesses, or property?

  39. $400 Answer from Credit and Debt Mortgage

  40. $500 Question from Credit and Debt What is a financial institution owned and operated by its members?

  41. $500 Answer from Credit and Debt Credit Union

  42. $100 Question from Second Half What is the cost of credit expressed as dollars and cents?

  43. $100 Answer from Second Half Finance Charge

  44. $200 Question from Second Half What is something of value used to secure a loan?

  45. $200 Answer from Second Half Collateral

  46. $300 Question from Second Half What card is the same as an “electronic check”?

  47. $300 Answer from Second Half Debit Card

  48. $400 Question from Second Half Where are the stocks of the largest corporations in the United States traded?

  49. $400 Answer from Second Half New York Stock Exchange (NYSE)

  50. $500 Question from Second Half What are all of the activities done to move goods and services from the producer to the consumer?

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